News

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Mon, 08 May 2017 13:00:51 GMT

Banks to phase out 9K jobs from Britain amid Brexit

The largest world banks JPMorgan, Goldman Sachs and Citigroup are planning to move nearly 9K of job positions out of London amid the Brexit upheaval, outlining plans for their EU operations after Britain's withdrawal from the bloc.

Mon, 08 May 2017 12:22:44 GMT

Philippines' Espenilla to become next central bank governor

Nestor Espenilla will take up a position of the next Philippine central bank governor for a term of six years, replacing Amando Tetangco who is eager to quit his post in July 2017.

Mon, 08 May 2017 12:01:46 GMT

Japan consumer confidence drops to 43.2

According to the Cabinet Office, Japanese consumer sentiment plunged to 43.2 in April, missing analysts' expectations for a rise to 44.3 from March's 43.9.

Mon, 08 May 2017 11:33:04 GMT

China to severe restrictions on cash withdrawal

China introduced tougher measures on cash withdrawal, adding new security features that would require people to scan their ID cards in ATMs as the machines would be fitted with face-recognition technology.

Mon, 08 May 2017 11:13:45 GMT

South Korean Moon to protect economic recovery if he wins

The South Korean Presidential nominee Moon Jae-in seeks to protect a recovery in the country's economy and hire more policemen, firefighters and teachers in case he wins the election on Tuesday.

Mon, 08 May 2017 09:55:37 GMT

Sentix investor confidence soars to 27.4 points

The Sentix Investor Confidence Index for the Euro zone jumped to 27.4 points, its highest level since July 2007, on the back of a generally positive economic outlook.

Mon, 08 May 2017 09:54:26 GMT

Halifax HPI dips 0.1% in April

According to the data released by the Halifax Bank of Scotland, the UK House Price Index dived 0.1% over the month of April, falling behind analysts' expectations for a 0.1% gain.

Mon, 08 May 2017 09:30:20 GMT

Facebook launches warning campaign on fake news amid British election

The social media giant Facebook started an advertising campaign in a Britain's newspaper to warn people of fake news that might be spread ahead of the British election.

Mon, 08 May 2017 09:12:46 GMT

Putin is ready for constructive cooperation with France's Macron

The Russian President Vladimir Putin congratulated the French President-elect Emmanuel Macron on his win in the election, adding Russia was ready for a constructive cooperation over bilateral and global issues.

Mon, 08 May 2017 08:30:06 GMT

France's Macron to be severe in Brexit negotiations

The French President-elect Emmanuel Macron is eager to be tough in talks over the Britain's exit from the EU terms, but won't seek retribution against the UK, adding all the sides have no interest in Hard Brexit.

Mon, 08 May 2017 08:03:58 GMT

Akzo Nobel rejects third acquisition proposal from PPG

On Monday, the Dutch paint maker Akzo Nobel has refused a $29.51B takeover proposal for the third time from the US rival company PPG Industries, saying it is dissatisfied with the PPG's terms and conditions of the deal.

Mon, 08 May 2017 07:32:06 GMT

China's key official wants to diversify economy for Macau gambling hub

The Chinese senior officials Zhang Dejiang urged the economic diversification for the Macau gaming hub as he had an official visit on Monday with a purpose to meet lawmakers and inspect various industries.

Mon, 08 May 2017 07:20:07 GMT

Local goods hit North Korean shelves amid US sanctions

North Korea started introducing more domestically made products to its market as the US tough sanctions hit the country, closing most of the imports, including its main importer China.

Mon, 08 May 2017 06:34:24 GMT

Ex-Obama administration members to testify in Russia-Trump probe

On Monday, the ex-US Presdient Barack Obama administration members James Clapper and Sally Yates will testify in the investigation over Russia's possible hacking in the 2016 US election.

Mon, 08 May 2017 06:20:06 GMT

Sinclair Broadcast to acquire Tribune Media for about $4B

Sinclair Broadcast company is eager to sign a deal to buy Tribune Media for about $4B after winning the auction for the large US TV station operators.

Mon, 08 May 2017 05:06:16 GMT

Comcast set to announce wireless partnership with Charter Communications

Comcast is set to announce a wireless cooperation with Charter Communications on Monday, as the two cable providers seek to enter the US mobile service market.

Mon, 08 May 2017 05:05:51 GMT

NAB business confidence improves markedly in April

The National Australia Bank's Business Confidence Index jumped markedly in April, hitting its six-year high as the country's economy continues to gain momentum.

Mon, 08 May 2017 04:15:49 GMT

Australian building approvals down 13.4% in March

Data released by the Australian Bureau of Statistics showed building permits in Australia dropped 13.4% over the month of March, while economists eyed a 3.9% fall.

Mon, 08 May 2017 04:14:41 GMT

Chinese trade surplus widens to $38.05B in April

According to the official data released on Monday, Chinese trade surplus widened to $38.05B, as exports jumped 8.0% year-on-year in dollar terms in April.

Mon, 08 May 2017 03:18:37 GMT

Trump reproaches Rexnord for moving plenty of jobs to Mexico

Donald Trump criticised industrial supplier Rexnord's deal to move its plant to Mexico as the President aims to stop moving jobs to countries, which have lower costs of labour.

Mon, 08 May 2017 03:07:56 GMT

Philippines and China to eliminate illegal gambling

The Philippines and China joined forces to fight illicit gambling within Beijing's campaign to restrain illegal capital outflows and get rid of unfair gambling operators.

Mon, 08 May 2017 02:24:12 GMT

Reserve Bank of Australia to put aside next rate cut

An increase in consumer inflation lowered expectations for the RBA to make another rate cut until 2018, but global retailers' competition is still set to hold prices subdued.

Mon, 08 May 2017 02:13:44 GMT

Investors urge Donald Trump to stay within Paris climate agreement

Investors, which have $15T worth assets under control, urged the US led governments to implement the Paris climate agreement despite Trump's threats to quit the deal.

Sun, 07 May 2017 19:55:25 GMT

Macron claims election victory, projections show

Early projections revealed Emmanuel Macron has been elected the President of France, defeating his far-right rival Marine Le Pen by an emphatic margin.

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